Mount Vernon, Georgia Property Taxes
The median property tax rate in Mount Vernon, GA is 1.16%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Mount Vernon, the typical annual property tax bill reaches $693, which is significantly lower than the national median of $2,690. Property taxes in Mount Vernon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Vernon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mount Vernon or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Vernon, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$765
$743
Ownwell’s Mount Vernon Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Mount Vernon. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in the area to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Mount Vernon, Georgia
Property taxes in Mount Vernon, Georgia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Mount Vernon is 1.16%, which is significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Mount Vernon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Vernon estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. For comparison, the zip code 30445 has both the highest and lowest median property tax rate of 1.16%. Understanding how these areas compare with Mount Vernon provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Vernon Tax Rate
1.16%
Average Montgomery County Tax Rate
1.16%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Vernon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30445 | 0.77% | 1.00% | 1.16% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Mount Vernon, Georgia
In Mount Vernon, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Montgomery County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mount Vernon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mount Vernon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30445 has the highest and lowest median tax bill at $693.00.
Average Mount Vernon Assessed Value
$65,923
Average Montgomery County Assessed Value
$76,171
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Vernon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30445 | $11,528 | $26,309 | $65,923 | $126,363 | $193,460 |
Source: Ownwell
Property Tax Bills Across Mount Vernon, Georgia
In Mount Vernon, Montgomery County, GA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which in this area is around $65,923. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property location, market conditions, and any applicable exemptions or deductions are considered in this process. For homeowners in Mount Vernon, property tax bills can vary significantly. At the 25th percentile, tax bills are about $262, while at the 75th percentile, they can reach up to $1,377. The 90th percentile sees tax bills as high as $2,169. The highest median tax bill in the area is $693, which is consistent across the zip code 30445. Compared to the national median property tax rate of 0.99%, Mount Vernon homeowners experience a range of tax obligations that can impact their financial planning and homeownership costs.
Average Mount Vernon Tax Bill
$693
Average Montgomery County Tax Bill
$816
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Vernon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30445 | $102 | $262 | $693 | $1,377 | $2,169 |
Source: Ownwell